The Technology Select Sector SPDR Fund, a $72.34 billion ETF managed by State Street Global Advisors, is set to undergo significant rebalancing. The fund will acquire approximately $10 billion worth of Nvidia shares while reducing its Apple holdings by more than $11 billion. This move follows Nvidia's recent stock split and subsequent rally, which has increased its weighting in the ETF. The rebalancing, set to occur on Friday, is aligned with changes in the S&P Dow Jones Technology Select Sector index. Nvidia's rise has positioned it as one of the most valuable companies, overtaking Apple in the ETF's allocation and sitting behind only Microsoft.
🇺🇸 HUGE TECH ETF SET TO BUY $10 BILLION IN NVIDIA SHARES The $72.34 billion Technology Select Sector SPDR Fund will buy $10 billion in Nvidia shares while reducing its Apple holdings. This move aligns with the S&P Dow Jones Technology Select Sector index changes. Nvidia, now… https://t.co/RfBUR7Om2u https://t.co/P0gJoIdFQA
Huge tech ETF set to buy $10-billion in Nvidia shares https://t.co/uQhftrHuL6
Huge tech ETF set to buy $10 billion in Nvidia shares https://t.co/6xEg8N6WjZ https://t.co/cmgXDqekdi
🚀 The $72.34 billion Technology Select Sector SPDR Fund, managed by State Street Global Advisors, will buy some $10 billion shares of Nvidia while slashing its exposure to Apple, Matthew Bartolini, head of SPDR Americas research at State Street confirmed. The changes are being… https://t.co/LFaJjVr5fA
🔵 HUGE TECH ETF SET TO BUY $10 BILLION IN NVIDIA SHARES One of the world’s largest technology funds is set to ramp up its exposure to Nvidia, which has become the world's most valuable company following a blistering run in its shares. Full Story via Reuters on PiQ Suite -… https://t.co/5RCcVV2UZu
Nvidia’s stock split has helped it rally and now its weighting in the $70 billion Technology Select Sector SPDR ETF looks set to be be increased, overtaking the allocation for Apple and sitting behind only Microsoft.
Nvidia is shaking up this big tech ETF. Here’s what it means for investors. https://t.co/N1WogUfeXr @cnbc
Nvidia is shaking up this big tech ETF. Here’s what it means for investors https://t.co/5Tr6GaJv5K
#Nvidia shares may see buying worth $11 billion from most prominent technology #ETF https://t.co/Ywhq5LdUL2
$71 billion Technology Select Sector SPDR ETF XLK could be forced to buy nearly $10 billion worth of Nvidia shares on Friday, while selling more than $11 billion worth of Apple shares.
Popular tech ETF forced to dump Apple stock, buy Nvidia in upcoming rebalancing https://t.co/sf4wJ61r8q
‘Nvidia’s blistering rally will force a major tech fund to acquire more than $10 billion worth of shares of the chip giant while dumping Apple.’ https://t.co/a6NJxnCCYj https://t.co/0izgA7drk9